Portsmouth owner Sacha Gaydamak has had the club release an official statement over reports that he is seeking to sell the south coast outfit.

An official statement published on the club's official website said: "Neither Alexandre Gaydamak nor any member of the board met with a potential buyer or have any plans to do so."

It carried on: "Alexandre Gaydamak and his board are totally committed to the future of the club and remain excited by the plans for a 36,000-capacity state-of the-art stadium at Horsea Island which has been met with a positive response by Portsmouth City Council and the Royal Navy."

The statement also pointed out: "The club has moved from the threat of almost certain relegation to become a permanent fixture in the Premier League top 10 over a period of the last two years and has also attained Academy status.

"During this time there has been considerable investment by the club in its facilities, infrastructure and top players - such as the recent acquisition of French international Lassana Diarra.

"This continued investment will inevitably lead to interest in the acquisition of the club, which is flattering."